Cellectis S.A.
This report on Form 6-K shall be deemed to be incorporated by reference in the registration statements of Cellectis
S.A. on Form F-3 (No. 333-265826) and Form S-8 (Nos. 333-267760, 333-204205, 333-214884, 333-222482, 333-227717,
333-258514, and 333-267760), to the extent not superseded by documents or reports subsequently filed.
Information contained in this Report
On January 4, 2023,
Cellectis S.A. (the Company) entered into an amendment agreement (the Amendment) to the Sales Agreement dated as of March 29, 2021 (the Original Sales Agreement, as amended by the Amendment, the Sales
Agreement) with Jefferies LLC (Jefferies) with respect to an equity offering program (the Offering), under which the Company may offer and sell American Depositary Shares (ADS), each ADS representing one ordinary share,
having an aggregate offering price of up to $60.0 million from time to time following the date of the Amendment, through Jefferies as its sales agent.
The issuance and sale, if any, of the ADSs by the Company under the Sales Agreement will be made pursuant to the Companys effective registration
statement on Form F-3 (Registration Statement No. 333-265826).
Sales of the Companys ADSs, if any, in
the Offering may be made in sales deemed to be an at the market offering as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the Securities Act) from time to time. Jefferies is not required
to sell any specific number or dollar amount of securities, but will act as sales agent and use commercially reasonable efforts to arrange on the Companys behalf for the sale of all ADSs requested to be sold by the Company, consistent with
Jefferies normal sales and trading practices. There is no arrangement for funds to be received in any escrow, trust or similar arrangement. Sales may also be conducted, with the Companys consent, in negotiated transactions.
The Company will pay Jefferies a commission equal to three percent (3.0%) of the gross sales price per ADS sold through Jefferies under the Sales Agreement
and also has agreed to provide indemnification and contribution to Jefferies with respect to certain liabilities, including liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended.
The Company is not obligated to make any sales of ADSs pursuant to the Sales Agreement. The Offering pursuant to the Sales Agreement will terminate upon the
earlier of (i) the sale of all ADSs subject to the Sales Agreement and (ii) the termination of the Sales Agreement as permitted therein. Each of the Company and Jefferies may terminate the Sales Agreement at any time upon ten days
prior notice.
The foregoing description of the Sales Agreement is not complete and is qualified in its entirety by reference to the full text of the
Original Sales Agreement, as amended by the Amendment, copies of which are filed herewith as Exhibits 1.1 and 1.2, respectively, and are incorporated herein by reference. A copy of the legal opinion of Jones Day, the Companys French counsel,
relating to the legality of the issuance of the ordinary shares in the Offering is attached as Exhibit 5.1 hereto.
This Report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein.